CAN THE MARKET SURVIVE AN 80% CRASH, WHAT ABOUT ONLY 40%?

So, for anyone who likes to watch certain movements.
A big one is about to occur.
A rejection from this break is the covid drop. about 30% and some.
However, the end of the cycle, if you believe in those kind of things, would be a 100% retrace of the impulse with a little extra on the downside, which closes all gaps, I believe.
That takes us down below 200.
It would have to be quick.
Next cycle then starts and pulls us up to $600.

I tried to mark it in orange.
This chart isn't an idea as in (I REALLY THINK WE'RE DROPPING 80% in less than 1 year).
This is more to show that trend break from the past and the trend break showing.

518 to 530. CAREFUL ZONE!!!

Market is showing a lot of crazy movements and numbers. I think something has to be "up" such as China and Taiwan considering what we're seeing with semiconductors.

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I'm wondering if the SPY monster is going to wake up in this zone.